Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.19.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net loss $ (25,813) $ (5,727)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for losses on accounts receivable 960 4,089
Depreciation and amortization 15,427 16,694
Loss on disposal of property and equipment 482 160
Warranty reserve 1,677 975
Share-based compensation 4,462 5,632
Impairment charge for sale of entity 24,571 0
Changes in operating assets and liabilities:    
Accounts receivable 19,170 2,064
Inventories (2,475) (2,483)
Prepaid expenses and other assets (11,060) (15,141)
Accounts payable (3,517) (364)
Accrued liabilities (2,620) 3,414
Deferred revenue 2,739 1,687
Deferred income tax 44 326
Net cash provided by operating activities 24,047 11,326
Investing activities:    
Acquisition of businesses, net of cash acquired 0 151
Purchase of property and equipment (2,919) (3,387)
Purchase of intangible assets (13) (298)
Net cash used in investing activities (2,932) (3,534)
Financing activities:    
Proceeds from stock option exercises and Employee Stock Purchase Program purchases 1,674 5,092
Repurchase of common stock 0 (5,630)
Taxes paid related to net share settlement of equity awards (1,573) (326)
Principal payments of financing lease liability (265) 0
Payment of contingent consideration related to a business combination 0 (147)
Payments on borrowings (25,000) (35,000)
Net cash used in financing activities (25,164) (36,011)
Exchange rate changes effect on cash and cash equivalents (315) (5,823)
Net decrease in cash and cash equivalents (4,364) (34,042)
Cash and cash equivalents, beginning of period 56,373 88,950
Cash and cash equivalents, end of period 52,009 54,908
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,071 2,966
Cash paid for income taxes 5,328 7,234
Non-cash investing activities:    
Property and equipment included in accounts payable 35 93
Inventory transferred to property and equipment $ 589 $ 293